Streetbeat News

Corporate Responsibility

OPI

Office Properties Income Trust (NASDAQ:OPI) has significantly reduced its quarterly dividend from $0.25 to $0.01 per share to improve liquidity and financial flexibility. The reduction is expected to increase OPI's annual liquidity by approximately $47 million compared to the last quarter and by $105 million compared to Q1 2023. The new dividend rate will be effective for shareholders of record as of January 22, 2024, with distribution around February 15, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 1:10 pm

ALK

BA

RYAAY

SPR

Ryanair CEO Michael O'Leary stated that passengers are not concerned about flying on Boeing 737 aircraft despite recent safety issues. The FAA grounded 171 MAX 9 jets after a cabin panel incident on an Alaska Airlines flight. O'Leary confirmed that the issue does not affect Ryanair's MAX 8 or the MAX 10 models on order. He expressed confidence in Boeing's leadership but noted quality control issues at Boeing and supplier Spirit Aerosystems. Ryanair's stock (RYAAY) is trading higher by 0.89% premarket.

Portfolio Pulse from Nabaparna Bhattacharya

January 11, 2024 | 12:55 pm

BDC

Belden Inc. has expanded its global presence by opening its fifth Customer Innovation Center (CIC) in Bengaluru, India. This move is part of the company's strategy to enhance customer engagement and drive innovation in the region.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 12:41 pm

SVFD

Save Foods, through its majority-owned subsidiary Nitrousink, has filed a patent application with the USPTO for a solution aimed at reducing greenhouse gas emissions in wheat production.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 12:18 pm

MSFT

QQQ

Microsoft Corp is considering the future of its AI lab in Beijing due to security concerns and potential national security risks. U.S. lawmakers have warned about the dangers of tech collaboration with China. Debates have included options like relocating or shutting down the lab. Microsoft has taken measures to protect its technology and restrict sensitive research. Despite concerns, Microsoft remains committed to China's digital transformation, with a significant presence in the country. Microsoft stock outperformed Invesco QQQ Trust last year.

Portfolio Pulse from Anusuya Lahiri

January 11, 2024 | 12:17 pm

GILT

Gilat Satellite Networks has introduced a new brand identity, featuring a redesigned logo that reflects its global reach and connectivity. The rebranding effort aims to better represent the company's values and market position.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 12:05 pm

CLNE

Clean Energy Fuels has announced the completion of a new renewable natural gas (RNG) production facility at Drumgoon Dairy in Lake Norden, South Dakota. This development is part of the company's ongoing efforts to expand its RNG production capabilities, which is a key component of its business strategy.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 11:58 am

GOOG

GOOGL

Alphabet Inc.'s Google faces a setback in its attempt to overturn a $2.6 billion EU antitrust fine as EU Court of Justice Advocate General suggests dismissing the appeal. The fine was originally imposed in 2017 for favoring its own shopping services, and Google has been fined a total of $9.5 billion by the EU between 2017 and 2019 for various antitrust violations. Google is reviewing the opinion and continues to invest in its remedy, while the European Commission has initiated a new investigation into Google's digital advertising dominance.

Portfolio Pulse from Rounak Jain

January 11, 2024 | 11:54 am

RPM

RPM International has opened a new Innovation Center of Excellence in Greensboro, North Carolina, which is expected to enhance its research and development capabilities and drive innovation across its product lines.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 11:53 am